March 26, 2025 | Client Alert
The Financial Crimes Enforcement Network (FinCEN) has announced an interim final rule, effective immediately, that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). Read MoreMarch 3, 2025 | Client Alert
On February 27, 2025, FinCEN announced it will not impose fines, penalties, or other enforcement actions for failures to file or update beneficial ownership information (BOI) reports under the Corporate Transparency Act (CTA) by current deadlines. FinCEN will not enforce the CTA until an interim final rule takes effect and its new deadlines pass. Read MoreFebruary 21, 2025 | Client Alert
On February 18, 2025, the U.S. District Court in Smith et al. v. United States Department of the Treasury et al., No. 6:24-cv-00336 (E.D. Tex. 2025) lifted the stay on the Corporate Transparency Act (CTA), reinstating FinCEN’s BOI reporting requirements. Read MoreDecember 24, 2024 | Client Alert
On December 23, 2024, the United States Court of Appeals for the Fifth Circuit granted the Government’s Motion to Stay Pending Appeal Texas Top Cop Shop, Inc., et al. v. Merrick Garland, et al., effectively reinstating the Corporate Transparency Act (CTA) and its Reporting Rule. Read MoreDecember 17, 2024 | Client Alert
On December 11, 2023, the U.S. Department of Justice filed a Motion to Stay Pending Appeal (the “Motion”) in response to a decision by the U.S. District Court for the Northern District of Texas that issued a preliminary injunction halting enforcement of the Corporate Transparency Act (CTA). Read More